Microvision Correlations

MVIS Stock

USD 1.05 0.03 2.78%

The current 90-days correlation between Microvision and Satellogic V is 0.48 (i.e., Very weak diversification). The correlation of Microvision is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Microvision Correlation With Market

Very weak diversification

The correlation between Microvision and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microvision and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Microvision Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microvision. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Microvision Stock please use our How to Invest in Microvision guide.

Moving together with Microvision Stock

0.65	KN	Knowles Cor	Pair Corr
0.74	000938	Unisplendour Corp	Pair Corr
0.71	603936	Bomin Electronics	Pair Corr
0.79	002960	Jade Bird Fire	Pair Corr
0.87	EBON	Ebang International	Pair Corr
0.7	000988	Huagong Tech	Pair Corr
0.75	SOLI	Solid State Plc	Pair Corr
0.66	000727	TPV Technology	Pair Corr

Moving against Microvision Stock

0.58	300771	Shenzhen Zhilai Sci	Pair Corr
0.51	688053	Chengdu Screen Micro	Pair Corr
0.43	300333	Sinosun Tech	Pair Corr
0.38	300449	Beijing Hanbang Tech	Pair Corr
0.52	002134	Tianjin Printronics	Pair Corr
0.44	603015	Ningbo Techmation	Pair Corr
0.63	001373	Jiangsu Topfly New	Pair Corr
0.5	688272	Beijing Fjr Optoelec	Pair Corr
0.49	605066	Zhejiang Tengen Electrics	Pair Corr
0.47	300626	Huarui Electrical	Pair Corr

Related Correlations Analysis

	SATL	LPTH	RPAY	MLAB	DDD	VPG	PDYN	XRX	GRRR	SOHU
SATL		-0.36	0.64	-0.65	-0.17	-0.73	0.15	0.45	0.64	0.47	SATL
LPTH	-0.36		-0.66	0.45	0.8	0.73	0.66	-0.62	0.11	-0.5	LPTH
RPAY	0.64	-0.66		-0.62	-0.6	-0.73	-0.38	0.78	0.3	0.76	RPAY
MLAB	-0.65	0.45	-0.62		0.42	0.7	0.29	-0.41	-0.32	-0.58	MLAB
DDD	-0.17	0.8	-0.6	0.42		0.53	0.76	-0.6	0.2	-0.5	DDD
VPG	-0.73	0.73	-0.73	0.7	0.53		0.28	-0.6	-0.24	-0.56	VPG
PDYN	0.15	0.66	-0.38	0.29	0.76	0.28		-0.23	0.44	-0.39	PDYN
XRX	0.45	-0.62	0.78	-0.41	-0.6	-0.6	-0.23		0.31	0.58	XRX
GRRR	0.64	0.11	0.3	-0.32	0.2	-0.24	0.44	0.31		0.22	GRRR
SOHU	0.47	-0.5	0.76	-0.58	-0.5	-0.56	-0.39	0.58	0.22		SOHU
	SATL	LPTH	RPAY	MLAB	DDD	VPG	PDYN	XRX	GRRR	SOHU

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DDD	+ 0.8	LPTH
XRX	+ 0.78	RPAY
SOHU	+ 0.76	RPAY
PDYN	+ 0.76	DDD
VPG	+ 0.73	LPTH
VPG	+ 0.7	MLAB

High negative correlations

VPG	- 0.73	RPAY
VPG	- 0.73	SATL
RPAY	- 0.66	LPTH
MLAB	- 0.65	SATL
MLAB	- 0.62	RPAY
XRX	- 0.62	LPTH

Risk-Adjusted Indicators

There is a big difference between Microvision Stock performing well and Microvision Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Microvision's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SATL	4.41	(1.24)	0.00	(0.29)	0.00	0.00	6.11	(9.43)	45.39
LPTH	6.90	1.07	0.19	0.27	6.59	(8.31)	16.74	(11.45)	45.91
RPAY	2.69	(0.65)	0.00	(0.15)	0.00	0.00	4.08	(6.00)	22.07
MLAB	2.99	0.41	0.06	(0.20)	3.15	(3.25)	6.17	(5.32)	14.99
DDD	4.81	0.24	0.10	0.13	5.16	(5.96)	12.40	(10.30)	40.49
VPG	2.32	0.59	0.16	(0.38)	2.24	(2.76)	6.69	(3.60)	17.62
PDYN	3.57	(0.56)	0.00	(0.04)	0.00	0.00	7.29	(9.26)	25.07
XRX	2.80	(0.67)	0.00	(0.14)	0.00	0.00	4.09	(5.45)	19.00
GRRR	3.20	(0.40)	0.00	(0.05)	0.00	0.00	5.96	(6.51)	22.72
SOHU	1.42	(0.05)	0.00	(0.05)	0.00	0.00	3.31	(2.92)	8.57

Microvision Corporate Management

Drew Markham	Secretary Operations	Profile
James Johnston	Controller	Profile
Anubhav Verma	CFO VP	Profile
Lindsey Stibbard	Paralegal	Profile

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